Cardamom futures traded lower on MCX as investors cut down their positions amid slide in physical demand for cardamom in the domestic spot market. Further, sufficient supplies amid higher physical arrivals from the major cardamom producing regions too fuelled the downtrend.
The contract for October delivery was trading at Rs 1180.00, down by 0.20% or Rs 2.40 from its previous closing of Rs 1182.40.The open interest of the contract stood at 994.00 lots.
The contract for November delivery was trading at Rs 1204.60, down by 0.29% or Rs 3.50 from its previous closing of Rs 1208.10. The open interest of the contract stood at 463.00 lots on MCX.